World Bank Says Two-Thirds of Economies Face Hit From Iran War

The World Bank cut its outlook for global growth this year and said two-thirds of economies have seen prospects deteriorate as the Middle East war disrupts commodity flows and raises the cost of imports.

The world economy will expand 2.5% in 2026, the Washington-based lender said in a report published Thursday. That’s down from a January forecast of 2.6%, and would be the lowest figure since Covid-19 triggered a global recession in 2020.

A surge in energy prices since the US-Israeli attack on Iran in February is pushing up inflation and hurting countries that depend on ...